Hi-Mark Software and eCLIPSE Advisors Form Alliance

1 May 2002

Hi-Mark Software
and eCLIPSE Advisors today announced a strategic alliance to help corporations maximize travel expenditure cost-savings through a combination of the companies` data analysis and consolidation services.
The alliance will enable corporations to realize the greatest possible return-on-investment on their travel spend by employing more strategic and efficient travel procurement strategies. Hi-Mark is the world`s top provider of travel reporting software and services, and eCLIPSE is a leading provider of travel procurement solutions.

Under the terms of the agreement, eCLIPSE
will use Hi-Mark`s data-consolidation and reporting software to enhance its travel spending analysis capabilities for large corporate clients, while Hi-Mark will market eCLIPSE`s proprietary travel management solutions to its corporate customers. By marketing the eCLIPSE products, Hi-Mark expects to enhance sales of its data consolidation services to corporations. The eCLIPSE solutions that Hi-Mark will offer to clients include the groundbreaking DACODA product for total air procurement, Lodgic for total hotel procurement and DACODA GT for total car procurement. Clients of both companies will be able to benefit from the eCLIPSE and Hi-Mark solutions regardless of the travel agency they currently work with.

“Hi-Mark is always looking to provide our clients with best of breed solutions for their travel needs, and this agreement will be of great benefit to both our and eCLIPSE customers. We are now more strongly positioned for continued growth into the corporate and agency markets,” said Kevin Austin, Hi-Mark president. “The alliance gives eCLIPSE clients access to our proven, industry-leading data-consolidation tools while augmenting Hi-Mark`s software and industry expertise with consultants who understand the travel procurement process from end to end, from all sides of the transaction.”

“The basic value proposition of eCLIPSE Advisors is our laser sharp focus on constantly enhancing our unique, industry-leading ability to provide corporate clients with insights and strategies for improving travel procurement ROI,” said Michael Boult, chief operating officer of eCLIPSE. “By using Hi-Mark`s data consolidation technology, eCLIPSE can be even more effective in advising our clients on how to save money through negotiating more profitable contracts and extracting the greatest possible value from travel-related processes and procurement.”

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Hi-Mark`s flagship product, TravelMan, consolidates complex data from multiple information systems and displays that data in graphical reports. The easy-to-read reports allow a corporation or travel agency to analyze travel spending and identify ways to cut costs. With this information, a corporation or agency can negotiate better contracts with suppliers and pinpoint other ways to cut travel costs - generally one of a corporation`s biggest expenses.